Investment analysts at StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG – Get Free Report) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the technology company’s stock.
Airgain Trading Up 3.1 %
Airgain stock opened at $5.57 on Monday. The company has a market capitalization of $58.54 million, a PE ratio of -4.68 and a beta of 0.85. The stock has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $3.90. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37.
Airgain (NASDAQ:AIRG – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.15). The company had revenue of $10.07 million during the quarter, compared to analyst estimates of $10.00 million. Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. As a group, analysts predict that Airgain will post -0.44 earnings per share for the current fiscal year.
Insider Activity
Institutional Investors Weigh In On Airgain
An institutional investor recently raised its position in Airgain stock. Perkins Capital Management Inc. increased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG – Free Report) by 2,350.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379,820 shares of the technology company’s stock after purchasing an additional 364,320 shares during the period. Airgain makes up about 1.2% of Perkins Capital Management Inc.’s holdings, making the stock its 26th biggest position. Perkins Capital Management Inc. owned 3.64% of Airgain worth $1,352,000 as of its most recent SEC filing. Institutional investors own 52.76% of the company’s stock.
Airgain Company Profile
Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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